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2.89%

$1.25 liontown resources limited

If LTR can’t survive at current prices, Lord save the rest of...

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Charterrierist

6,016 Posts.

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18/01/24

02:25

Post #: 71933674
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Originally posted by pastperformer ↑

LTR finds itself in a very difficult spot right now. When you think about it you would prefer to either have been in production and have a large cash balance (PLS, IGO) or be a well funded explorer who doesn't actually need to produce anything yet. LTR's timing could not be any worse, if they were to start producing lithium in this market, they would be losing money on every tonne produced. Given they may be lucky to have $100mil left when in production later this year, they are going to find themselves needing to make some tough decisions.

1. Mothball before they even get started/stockpile
2. Raise equity to cover the loans until the market improves

Given the last equity raise they only managed to raise $13.8mil from retail, you can imagine how ugly things could get if they are forced to cover debt with equity.

If the lithium price doesn't rebound in the next 6 to 12 months LTR could be a sitting duck for Gina given ALB are now not in the market for LTR. There is a very real risk that LTR finds itself moving towards bankruptcy very quickly and needing to put itself up for sale to avoid bankruptcy as early as next year.

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If LTR can’t survive at current prices, Lord save the rest of the lithium industry.

LTR Price at posting: $1.36 Sentiment: Hold Disclosure: Held
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Last $1.25		Change 0.035(2.89%)		Mkt cap ! $3.018B

Open	High	Low	Value	Volume
$1.25	$1.29	$1.24	$21.96M	17.48M

Buyers (Bids)

No.	Vol.	Price($)
2	114000	$1.24

Sellers (Offers)

Price($)	Vol.	No.
$1.25	31956	1

View Market Depth

No.	Vol.	Price($)
2	114000	1.240
1	7700	1.235
4	366122	1.230
1	47937	1.225
6	161805	1.220

Price($)	Vol.	No.
1.245	31956	1
1.250	94223	5
1.255	179893	3
1.260	199748	9
1.265	2500	1

Last trade - 16.10pm 30/04/2024 (20 minute delay)


Last $1.24			Change 0.035 ( 3.71 %)
Open	High		Low	Volume
$1.25	$1.29		$1.24	3410641
Last updated 15.59pm 30/04/2024 ?

LTR (ASX) Chart